COOPERATIVE GRAIN MARKETING. 



purpose to so distribute its earnings, it has consistently followed the 

 regular established usages of the grain trade. 



In 1911 the Saskatchewan Cooperative Elevator Co., Ltd., was 

 established, with headquarters at Eegina, Saskatchewan, and in 1913 

 the Alberta Farmers' Cooperative Elevator Co., Ltd., with head- 

 quarters at Calgary, Alberta, was formed. Each of these companies 

 was successful in building up quickly a large membership and in 

 handling a large volume of business. Both the Saskatchewan Co- 

 operative Elevator Co. and the Alberta Farmers' Cooperative Ele- 

 vator Co. received financial assistance from the provincial govern- 

 ments, which consisted in 

 an advance by the Govern- 

 ment of 85 per cent of the 

 cost of buying or building 

 an elevator, to be repaid in 

 installments extending over 

 a 20-year period. 



In addition to mortgages 

 and preference accruing to 

 the provincial governments 

 in the elevators and assets 

 of these companies as se- 

 curity for the repayment 

 of advances made, the 

 special incorporation acts 

 under which the companies 

 were created, provided, 

 among other things, for 

 audits by a provincial au- 

 ditor, and also provided 

 that certain conditions 

 relative to acreage and 

 other factors necessary to success must be met before elevators could 

 be built. While giving very wide powers to farmers' companies, the 

 provincial governments also tried to guard them against ill-considered 

 acts by reserving to the Government certain matters for approval. 



The Grain Growers' Grain Co., the Saskatchewan Cooperative 

 Elevator Co., and the Alberta Farmers' Cooperative Elevator Co. 

 were all incorporated under special legislative acts. 



In 1917 the Grain Growers' Grain Co. and the Alberta Farmers' 

 Cooperative Elevator Co. amalgamated under the name of the United 

 Grain Growers, Ltd., so that at the present time the United Grain 

 Growers, Ltd., and the Saskatchewan Cooperative Elevator Co., 

 Ltd., are the two outstanding examples of farmers' grain-market- 



Fiq. 2. — Country elevator of the Saskatchewan 

 Cooperative Elevator Company, Ltd. 



